90
COMMERCIAL.
The Yokohama Prices Current and Market
Beport, published by the Yokohama Foreign Board of Trade, dated, Yokohama, July 15th, 1905, has the following :-
IMPORTS
Yarn-Demand fallen off, and no fresh sales reported. Shirtinga -Market quiet. Sma.l busi- ness in Greys and Whites; something also done in Cambrics to arrive. Fancy Cottons and Woollens. Very little doing, the looked-for improvement in demand has not yet shown itself. Metals-Market quiet, and the few sales effected have been at reduced prices. Kerosene.—Market steady, with upward tendency. Sugar. No improvement has taken place in quotations, and the market has remained flat with little or nothing doing in any direction. Indigo.--A slightly better ́feeling prorails, and there is some disposition to
operate.
EXPORTS.
Raw Silk-In consequence of a general decline in price for medium grades of Filatures, a moder- ate business has been done at the quotations given below. High grade Filaturos and Re-reels are very scarce, and but few transactions have taken place in these silks, quotations for them boing more or less nominal. Some complaints are made about the quality of this season's Raws, Sinshin Filatures more especially being below the normal level.
Waste silk and Cocoons. No settlements. Present stock is estimated at 4,000 piculs, viz:- Noshi, 1,670 pienls; Kibiso, 2,330 piculs: Sundries, 100 piculs; Pierced Cocoons, picnls.
Tea. The second crop has come down in fairly large quantities during the interval. With one or two exceptions, however, buyers take little interest in offerings, which compare poorly with earlier Teas. Heavy buying by native firms in the Tea districts keeps prices firm. Total settle- ments from May 1st to July 15th amount to 86,848 | piculs, against 130,000 picúls at the corresponding ilate last year.
Fish Oil continues dull. Holders seem willing to meet buyers, who are operating, however, very cautiously. Copper.--No change to report.
TEA.
Messrs. Welch, Lewis & Co.'s circular, dated, Shanghai, 22nd July, 1905, state-Black Tea --- During the interval no settlements have been made on this market, and only a few further musters have shewn. Hankow advices of 14th instant, give total arrivals 614,780 half-cvests, against 754,996
half-chests last year. The stock in native hands was 55,133 half-chests, against 27,964 half-chests same date last year. Green Tea--Pingsuey The market has been better supplied with musters. and, although buying has not been general, a fair business has been put through at slightly casier rates. Extra first gunpowder has been in demand at Tls. 58-60, first gunpowder at Tls. 38-48, second at Tls. 29-33, per pirul. Country Teas.-Arrivals from the Moyune District are sinall, chops with "good" cup quality have been in demand at Tis 32-331. Medium quality teas at Tls. 27-30, and common grades at Tls. 23-25 per picul. Tienkais are only in small supply at prosent, Medium quality teas are finding buyers at Tls. 21-24 per picul. With the exception of the crack chop Wing Kee" no good quality Tienkais have arrived. Wing Kee has been settled at Tls. 10 against Tls. 44 last year for the first pack; the tea is superior in cup to last year. The quality of most of the teas shewn to date is inferior to last season, the teas darken rapidly in cup, and many of the Moyune in particular are shabby in appearance. Hysons. Very pale drawing teas are wanted and I'ls. 75-85 per picul has been paid for them, and one small parcel of Moyune bas fetchel Tls. 87. Medium quality teas have been dealt in at full opening rates, whilst common Wenchows have been cleared off the market at an
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advance of Tls. 1-2 picnl on opening prices. Foong Mees and Son Mees are in very strong de- mand for shipment to Batoum, "good" quality Sou Mees are selling at high prices, one small line on Sou Mee fetching Tis. 110, similar quality sold for Tls. 80 per picul last year. Total settle ments since 10th July:-21,418 half-chests Total settlements since opening of market to date:- 43,330 half-chests, against 79,498 half-chests last rear; stock, 30,834 half-chests, against 53,249 half-chests last year. Settlements of Hyson and Young Hyson since opening of the market to date: Arrivals 42,385 half-chests, settlements 29,602 half-chests, stock 12.776 half-chests
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THE HONGKONG WEEKLY PRESS AND
From commencement of Season the export of Tea to other European Ports has been :--
Black,lbs. Brick,lbs.Green,lls.
1,187
Total to date, 1905.. 1,441,068
1904.. 14,185,082 2,335,466 1903.. 1,657,448
SILK.
234,134 107.067
Messrs. A. R. Burkill & Son's Silk Circular, dated Shanghai, June 23rd, 1905, states: -The Home Markets are firm. Gold Kiling is quoted in London at 11/10} and in Lyons at Fcs. 32.76. Raw Silk-Practically no business has taken place this week in Tsatlecs. Coarse Silks and Kashings have been in fair demand. Yellow Silk. Very little doing. Hand Filatures.-Noth. ing doing. Steam Filatures.-Nothing doing. Waste Silk. No business of importance in new waste has been reported. For No. 1 Curlies 75 Tls. is asked. For Kading Prisonets 70,20.10 Tls. 26/27. Woozie Filatures Flosses Tls. 34/35 nett to Filature. Fil. Long Waste from Ts 105/110 nett, these prices being mostly above. home ideas. Double Cocoons are in demand for Japan.
Quotations are: Malwa Now Malwa Ol Malwa Older Malwa V. Oh...
OPIUM.
HoNoRoNo. 5th August. Allow're net to catty.
.$1200 to
per pienl.
..$1280 to
.$1340 to
$1400
to
S
.$1120
$1150 tu ..$11173 to
to
Persian fine quality ...$1050 Persian extra fine Patna Now Patna,Old Benares New Benarok Ol
$1075
PIECE GOODS.
do.
do.
do.
do.
per chest.
du.
-1.
....
Messrs. Noel, Murray & Co.'s, Report on the Shanghai Piece Goods Trade, dated Shanghai 27th July, 1905, states:--Writing last week, the day after the first meeting of the various trado representatives, and others, at which it was des cided to institute a boycott on American goods and products, we had been unable to obtain much enlightenment, either from sur Native friends or the leading Foreign Importers, and we wrote what was the gist of the consensus of opinions we had gathered up to that time from both sources, had suddenly sprung into quite unlooked for, and A few days afterwards we found that our Report
what we had written in our innocent and simp.e we may say wholly undesired. importance, and desire to record the trend of current events, and the popular views held by those interested in this trade on the subject, was pounced upon as inimi- cal to the cause, it being considered that the views we expressed would be disseminated throughout the United States and an prejudice China's claims for
more reasonable treatment. When we became acquainted with the results of the various Meetings that were held subsequent to the writing of that Report, and thus know bet. ter the seriousness of the movement, we issued the following supplement on the 24th inst., in time for the European Mail:-The Boycott move- mont against American imports mentioned in our last Circular has assumed much more serious pro- portions than was anticipated would be the case, and subsequent Meetings on the question have been very numerous and comprehensive in their composition, even the Colice ass taking it up. We appear to have been somewhat misinformed as to the details of what took place at the Meat- ing on the 19th instant, which we regret : but since then more concerted plans of action have been promulgated and it is now beyond question that a re y serious menace to trade is staring Importers
in the face. The ultimate consequences are en- tirely ignored by those who are egging on the movement, and it is difficult to see where it will
stop if some substantial guaranters are not forth- coming that China will in future he accorded
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[August 7, 1905.
lug the interval. No special news has come in from our dependencies, but judging by the clear- ances Tintsin and Newebwang are in the most satisfactory state. Business done has been of the most meagre description, and the apathetic state of the market is worthy of the oppressive weather. The Manchester and New York markets are still booming and very little business is possible with either of them even though it were desired. Cot- ton performed what has become its accustomed slump at the close of last week in Liverpool, but recovered again the day before yesterday to 6.78d. for Mid-American, while Egyptian has advanced to 711d. Fairly full supplies are still coming for- ward from Lancashire, the export for the two weeks ending 21st instant being twenty million yards of plain Cottons. There has been less en- quify for Yarns, but the business reported shows anfmprovement in prices. Local Cotton is ensier, and in some quarters is expected to decline con- siderally.
MISCELLANEOUS EXPORTS.
Per P. & 0. steamer Formosa, sailed on 4th August. For London :-8 cases blackwood ware, 16 empty gas cylinders, 70,bales canes, 25 cases narcissus bulbs, 2,762,bales hemp, 317 half chests toa (from Amoy). For Manchester:-161 bales waste silk, 3 cases silks, 100 bales waste silk, 9,862 boxes t-a. 124 cases chinaware, 100 rolls matting. For Liverpool :-5 bales hemp.
SHARE REPORTS.
HONGKONG, 4th August, 1905.-The declara- tion of several important dividends, and especially that of a somewhat unexpect dly large interim, by the China Sugar Refining Co, has givea a much needed fillip to a jaded market, and we hara to report a general improvement in rates. and a much firmer tone of the market. The July settlement was again of an unsatisfactory character, and, as a consequence, forward business on any large scale has practically received its coup de grace by the withdrawal from the market of some of the chief operators under the general sense of insecurity and mistrast prevailing.
BANK-Hongkong and Shanghais remai steady with small sales during the week at $915. The London rate remains unchanged at £89, 10s. Nationals unchanged and without business.
MARINE INSURANCES.-Unions continue in
has risen to $735 without business. demand, but no shares being procurable the rate China Traders remain in stati quo with small sales at $75.
It is not probable that this stock will move much until the opinion of shareholders outside Hongkong is obtained, and that will yet take some months. Cantons are on offer at $325 without finding buyers. North Chinas and Yang- tsze remain unchanged and without business.
FIRE INSURANCES.- Hongkong Fires have improved to 8325 after small sales at $320. Chinas remain ueglected at $85.
SHIPPING. Hongkong, Canton and Macaos have changed hands in fair lots at $26 and close steady at that. Indo-Chinas have ruled steady at 393 with buyers, but very few shares time of closing shares are wanted at $93 with have changed hands during the week, and at
ruled quiet and without business. no supply. Other stocks under this heading have
REFINERIES-China Sugars ruled firm in the early part of the week at 3218 and 8219. but no sellers come forward, and upon the declaration of an interim dividend of $10, rates shares cha ged bands, but sales were effected went up by leaps and bounds to 8245. Not many at $25, $230. $232, $283, 18235. 8240, $245 for 31st inst., while a forward demand was not
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able to be satisfied: the market closes at $245. Buyers in a somewhat excited condition, but with some slight symptons of settling down. Luzons have farther declined to 827 with sellers. MINING. -Ranks have gone back to $3 with sellers; un sales.
more fair and liberal treatment, as rogards inumi gration, by the United States Government. AL- though the form of retaliation that has been de videl on is an nau-ual one to apply against a great Nation, it is certainly drastic, and is pro- DOCKS, WHARVES AND GODOWNS.-Hong. bably the only remedy that could be adopted by kong and Whampoa Docks continue quiet and a people whose Government shows such supine-neglected at $195 with no buyers. Kowloon ness to their most vital interests. The very in- portaut and valuable financial position now occupied by the Cotton Manufacturers of the United States, to mention only one interested class,
should be sufficiently strong to see that the long From commencement of Season the export of complained of wrongs are righted, and that fair Tea to Great Britain has been :--
treatment be conceded to the Country which is expected to play such an all important part in their future export trade." The excessively hot weather, and possibly other influences, have served to keep the market in a state of quiescence dur-
Total to date, 1905
1904
1903
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Blak. lbs. Green lbs. 15,731,283 121,384 19,925,634 308,194 364.134
3,588,746
Wharves are still in demand at the improved rate of $100, after snall sales at $98, but no shares seem to be available. Farnhams advanc. ed to Tls. 143 in the early part of the week in
Shanghai, but have again deciqued to I'ls. 141.
LINDS, H TELAND BUILDINGS. — Houg- kong Lands have ruled very firm and a small but steady demand at $117,8118 and $ 19. meeting with no response, the rate gradually rose without sales to $120. at which shares are